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Statement of Retained Earnings Create a Statement of Retained Earnings using the following information: Retained Earnings, Jan 1 2021: $500000 Net Sales: $194000 Cost of

Statement of Retained Earnings

Create a Statement of Retained Earnings using the following information:

Retained Earnings, Jan 1 2021: $500000

Net Sales: $194000

Cost of Goods Sold: $109000

Operating Expenses: $57500

Cash Dividends: $55000

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